K.T.C. (EDIBLES) LIMITED
Company number: 01433723
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
29 October 2026
Approved by:
Mark Ward
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 49 days
Total value paid:
- within 30 days: £19,534,971 (8%)
- in 31 to 60 days: £188,557,204 (82%)
- in 61 days or more: £22,657,989 (10%)
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 82%
- in 61 days or more: 10%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £206,661,390
- payments due in the reporting period which have not been paid within the agreed period: 92%
- not made in the reporting period due to a dispute: 5%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
63 days
Standard payment terms
Standard Payment Terms are 60 days from the date of invoice, with invoices paid on the next weekly payment run, see KTC website for further information.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
63 days
No further comment provided
Any other information about payment terms
In accordance with our supplier terms and conditions, we pay our invoices on weekly payment runs. The statistics above ignore the impact of paying weekly and this can lead to payments appearing late but often only by a few days. If the weekly payment practice is taken into account in the statistics, payments not paid within the agreed period reduces from 92% to 14%.
Dispute resolution process
If a supplier raises a query in respect of an outstanding invoice, in the first instance it is handled by the Accounts Payable team. If necessary, the Accounts Payable team will refer to other business areas within the company to resolve the enquiry in a timely manner. If the matter remains unresolved, it may be escalated to senior leadership. Pursuing an adjudicative process such as litigation or arbitration, in which a court determines the outcome, is seen as a last resort.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No